{"id":214720,"date":"2019-05-16T14:00:23","date_gmt":"2019-05-16T08:30:23","guid":{"rendered":"https:\/\/www.scconline.com\/blog\/?p=214720"},"modified":"2019-05-16T14:16:55","modified_gmt":"2019-05-16T08:46:55","slug":"ebc-learning-new-course-15th-course-on-transacting-merger-and-acquisitions-available-now","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2019\/05\/16\/ebc-learning-new-course-15th-course-on-transacting-merger-and-acquisitions-available-now\/","title":{"rendered":"EBC Learning [New Course] | 15th Course on “Transacting Merger and Acquisitions” streaming now!"},"content":{"rendered":"

EBC Learning, EBC’s premier e-learning delivery platform releases its 15th course on:<\/h3>\n

Transacting Merger and Acquisitions<\/span><\/strong><\/a><\/h2>\n

ABOUT THIS COURSE<\/strong><\/span><\/p>\n

An M&A event is an evolutionary milestone in a company\u2019s lifetime. It impacts its human resources, governance, customer relationships, intellectual property, control and management and at times the company\u2019s own existence.<\/p>\n

A complete M&A transaction is a product of planning, strategy and foresight of the several players involved. Every step in a deal process is essential and if well calibrated has the potential to lead to a win-win situation for the parties concerned.<\/p>\n

The course begins by understanding the M&A process and one\u2019s role as a lawyer in that process. Then the course moves on to the whole structure of M&A transactions and how to go about them? And what are the applicable laws? Mr Mathur also discusses in detail about drafting M&A agreements. The acquisition agreements are broken into their components and examined in the context of how they would function in a deal. By the end of this course, one will be well versed with the entire deal process from start to finish, i.e. from pre-deal stage to post-deal integration and disputes. As a part of the course, Mr Tarun Mathur has also included several supplements of draft agreements and clauses that will be useful.<\/p>\n

COURSE OUTLINE<\/strong><\/span><\/p>\n

1. Introduction<\/strong><\/p>\n

    \n
  • Welcome and scope<\/li>\n
  • Understanding the team and a lawyer\u2019s role<\/li>\n
  • Becoming an M&A lawyer<\/li>\n
  • Supplements<\/li>\n<\/ul>\n

    2.<\/strong> Understanding Corporate Transactions<\/strong><\/p>\n

      \n
    • Mergers<\/li>\n
    • Amalgamations or scheme of arrangement<\/li>\n
    • Acquisition<\/li>\n
    • Stock acquisition<\/li>\n
    • Asset sale or slump sale<\/li>\n
    • Joint ventures<\/li>\n<\/ul>\n

      3. Undertaking M&A Transactions<\/strong><\/p>\n

        \n
      • Identifying the motives and triggers for an M&A transaction<\/li>\n
      • Identifying the other party and preliminary evaluation<\/li>\n
      • Kick-off meeting<\/li>\n
      • Due diligence<\/li>\n
      • Negotiations<\/li>\n
      • Signing the agreement and other formalities<\/li>\n
      • Structuring the transaction<\/li>\n
      • Structuring considerations of the parties<\/li>\n
      • Stock versus asset-purchase considerations
        \nSupplements<\/li>\n<\/ul>\n

        4. Leveraged Buyouts and Management Buyouts<\/strong><\/p>\n

          \n
        • Leveraged buyouts<\/li>\n
        • Management buyouts<\/li>\n
        • Leveraged and management buyout process<\/li>\n<\/ul>\n

          5. M&A Transaction: Legal Requirements and Issues<\/strong><\/p>\n

            \n
          • Applicable laws<\/li>\n
          • M&A and Companies Act: Provisions on share transferability<\/li>\n
          • Preferential allotment<\/li>\n
          • Why do target companies issue new shares in M&A?<\/li>\n
          • Issuance of preference shares: Points to remember<\/li>\n
          • SEBI Takeover Code<\/li>\n
          • SEBI Listing Regulations, 2015<\/li>\n
          • M&A and the Competition Act<\/li>\n
          • Foreign Exchange Management Act, 1999 (FEMA)<\/li>\n
          • Income Tax Act and indirect taxation<\/li>\n
          • Stamp duty<\/li>\n<\/ul>\n

            6. Pre-deal Agreements and Documents<\/strong><\/p>\n

              \n
            • Introducing pre-deal agreements<\/li>\n<\/ul>\n

              7. Pre-deal Agreements – Confidentiality Agreements<\/strong><\/p>\n

                \n
              • Confidentiality agreement<\/li>\n
              • Enforcement of confidentiality agreement<\/li>\n<\/ul>\n

                8. Pre-deal Agreements – Standstill, Exclusivity and No-shop Provisions<\/strong><\/p>\n

                  \n
                • Standstill agreements<\/li>\n
                • Exclusivity agreements<\/li>\n
                • No-Shop provisions<\/li>\n
                • Fiduciary Out<\/li>\n
                • Inter-play between exclusivity, no-shop and fiduciary-outs agreements<\/li>\n<\/ul>\n

                  9. Pre-deal Agreements – Letters of Intent, MOUs and Term Sheets<\/strong><\/p>\n

                    \n
                  • Letters of intent or memorandum of understanding or term sheets<\/li>\n<\/ul>\n

                    10. Acquisition Agreement<\/strong><\/p>\n

                      \n
                    • Acquisition agreements: Structure and recitals<\/li>\n<\/ul>\n

                      11. Acquisition Agreement – Purchase Price Provisions<\/strong><\/p>\n

                        \n
                      • Form of consideration<\/li>\n
                      • Collars<\/li>\n
                      • Fixed and contingent consideration<\/li>\n
                      • Earnouts<\/li>\n
                      • Financing risk & commitment letters<\/li>\n<\/ul>\n

                        12. Acquisition Agreement – Representations & Warranties<\/strong><\/p>\n

                          \n
                        • Form of representations and warranties<\/li>\n
                        • Functions of the representations<\/li>\n
                        • Scope of seller\u2019s or target\u2019s representations<\/li>\n
                        • The buyer\u2019s representations and warranties<\/li>\n
                        • Qualifications to the representations<\/li>\n
                        • Disclosure schedules<\/li>\n<\/ul>\n

                          13. Acquisition Agreement – Covenants<\/strong><\/p>\n

                            \n
                          • Introduction<\/li>\n
                          • Operating covenants and \u201cGet the Deal Done\u201d covenant<\/li>\n
                          • Affirmative covenants<\/li>\n
                          • Other post-closing covenants<\/li>\n<\/ul>\n

                            14. Acquisition Agreement – Closing Conditions<\/strong><\/p>\n

                              \n
                            • Closing conditions<\/li>\n<\/ul>\n

                              15. Acquisition agreement – Termination<\/strong><\/p>\n

                                \n
                              • Termination rights<\/li>\n
                              • Breakup fees and reverse termination fees<\/li>\n
                              • Material adverse effect<\/li>\n
                              • Material adverse effects carve-outs<\/li>\n<\/ul>\n

                                16. Acquisition Agreement – Remedies<\/strong><\/p>\n

                                  \n
                                • Remedies – Termination<\/li>\n
                                • Remedies – Basic indemnity<\/li>\n
                                • Remedies – Special indemnity<\/li>\n
                                • Escrow agreement<\/li>\n<\/ul>\n

                                  17. Ancillary Agreements<\/strong><\/p>\n

                                    \n
                                  • Ancillary agreements<\/li>\n
                                  • Side-letters<\/li>\n
                                  • Assignment of IP<\/li>\n
                                  • Employment agreements<\/li>\n<\/ul>\n

                                    18. Negotiating M&A deals<\/strong><\/p>\n

                                      \n
                                    • Introducing negotiations<\/li>\n
                                    • Prepare, and prepare some more<\/li>\n
                                    • Understanding leverage<\/li>\n
                                    • Control the agenda\/writing<\/li>\n
                                    • Have a written \u201cheat map\u201d<\/li>\n
                                    • Think through your strategy<\/li>\n
                                    • Ethics and listening skills
                                      \nSubsection<\/li>\n<\/ul>\n

                                      19. Conclusion<\/strong><\/p>\n

                                        \n
                                      • Next steps<\/li>\n<\/ul>\n